9 best European cities for bankers fleeing Brexit

LONDON ' London's future as Europe's main financial centre is uncertain.Brexit threatens to strip the UK of its financial passport, which allows firms to use Britain as a springboard tooperate across Europe.As a result, banks, insurers and funds are cracking open their contingency plans to gain footholds in continental Europe.Lloyd's of London last month saidit would open a subsidiary in Brusselsoneday after Prime Minister Theresa May triggered Article 50 and began talks to take the UK out of the 28-state trading bloc.Not all cities in Europe are equally as appealing for financial workers. Relocation company Movinga put together a handy ranking of the best destinations for a new life, based on factors such as average income, rent, and restaurant quality."Everyone is talking about cities like Paris and Frankfurt preparing for an influx of banking industry workers due to Brexit," said Movinga's managing director Finn Hnsel."But other cities like Dublin, Valletta, Luxembourg and Amsterdam may actually be better equipped to make these workers feel happy and at home. Individuals and businesses alike should consider the unique factors important to their relocation before planning their move."Here is how they stack up:9. Paris ' The French capital is one of the main pretenders to London's throne, but is let down by a high rate of tax (49%) and expensive high-end rent at over 2,000 a month. It does have the most Michelin-starred restaurants of the list at 82.8. Madrid ' Spain's capital has a relatively low income tax at 42% and you can grab a cocktail for as little as 7.60, according to the Movinga ranking.7. Hamburg ' The German city of Hamburg has a high rate of English comprehension at 56% and as many as 15 Michelin restaurants but luxury rent is not cheap at around 2,066 a month.See the rest of the story at Business Insider
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